USB Endorses Fox Gambling Stock in Recent Update

Author: Live Casino Direct
 
USB Endorses Fox Gambling Stock in Recent Update
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USB Endorses Fox Gambling Stock in Recent Update. G gambling stocks were routed in 2021 and the outlook for 2022 isn't good. Wynn will put its interactive wagering division for sale.

USB Endorses Fox Gambling Stock in Recent Update. UBS analyst John Hodulik recommends Fox as a buy. Goldman Sachs said earlier this month that Las Vegas is a good cheap gambling stock with a strong long-term prospect.

"Within traditional Media, we believe FOX is better positioned given sports betting optionality, measured direct-to-consumer (DTC) spend and leadership within the legacy (albeit declining) Pay TV bundle with its sports and news focus"

Fox has been able to secure the rights for major events such as MLB, NFL, NCAAB, and NCAAF. Fox believes that the sports betting market will be adopted into the mainstream and not be taboo. Jim Cramer believes online gambling stocks are still a good investment. USB Endorses Fox Gambling Stock in recent Update.